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tax holiday. a person earning $50,000 is going to pay $800 more by virtue of the fact that expires. what you have really here now it seems to me is erik canter, the number 2 guy trying to make the number one guy in his own party john boehner look bad or maybe this is his attempt to run for speaker when the new congress comes into affect thursday at noon where they have an election. i mean, baner said let's hand it over to the senate and the assumption was we all do what the senate comes up with. obviously, there's been a breakdown in communication. >> there's this thought going back to the election, the republicans are blindsided by how badly mitt romney was beaten and see this going on in the republican party itself. is this more than example of what's going on in the republican party? or is this an example of how things are going? >> well, yes, the democrats, if this falls apart and there is no vote in the house and it goes over to the next congress where they have to start over again and the ma
tax holiday. a person earning $50,000 is going to pay $800 more by virtue of the fact that expires. what you have really here now it seems to me is erik canter, the number 2 guy trying to make the number one guy in his own party john boehner look bad or maybe this is his attempt to run for speaker when the new congress comes into affect thursday at noon where they have an election. i mean, baner said let's hand it over to the senate and the assumption was we all do what the senate comes up...
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after helping to broker the senate he'll keeping its bears the middle-class a tax hike, but raises taxes on those making over $400,000 a year. massive cuts to federal agencies were delayed for two months. democrats want the chance to vote on the bill as they say boehner promised. >> until now our speaker has said when the senate acts we will have a vote in the house peeping that is what he said. that is what we expect. that is what the american people deserve. >> with an opening prayer appealing for compromise, the house went into session at noon. republicans complain there's not enough deficit reduction. >> is another $1 trillion of debt on the american people. >> my district cannot afford to wait a few days and have the stock market go down 300 points tomorrow if we cannot get together and do something. >> without a deal that conduct the president, i income taxes will rise almost every american. >> new year's, new laws in maryland. game marriage became legal at midnight -- a marriage became legal at midnight this morning. david has more. >> the mayor officiated the first gay marriage a
after helping to broker the senate he'll keeping its bears the middle-class a tax hike, but raises taxes on those making over $400,000 a year. massive cuts to federal agencies were delayed for two months. democrats want the chance to vote on the bill as they say boehner promised. >> until now our speaker has said when the senate acts we will have a vote in the house peeping that is what he said. that is what we expect. that is what the american people deserve. >> with an opening...
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it spared the middle class the tax hike but raised taxes on those making over $400,000 a year. jobless benefits were extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now want the chance to vote on the bill and as they say boehner promised. >> until now our speaker has said when the senate acts, we will have a vote in the house. that is what he sped. that's what we expect and that's what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for compromise, the house went into session at noon. the republicans complained there's not enough deficit reduction. >> in the present plan, put nearly another trillion dollars of debt on the american people. >> reporter: some democrats is port the plan to prevent more financial instability. >> my district can't afford to wait few days and have the stock market go down 300 points tomorrow if we don't get together and do something. >> reporter: wall street jiters are one pro
it spared the middle class the tax hike but raised taxes on those making over $400,000 a year. jobless benefits were extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now want the chance to vote on the bill and as they say boehner promised. >> until now our speaker has said when the senate acts, we will have a vote in the house. that is what he sped. that's what we expect and that's what the american...
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under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a concern. house majority leader eric cantor said this is not over yet. >>> the new year was also the deadline to apply for the state's homestead tax credit. december 31st was the deadline this get the application in the mail but you can still turn it in tomorrow. >>> a home caught on fi
under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste....
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. >> what the senate passed will delay cuts for two months, prevent a big tax hike on estates valued legislation that r than $2 million. >> are are we going to avoid the fiscal cliff? >> i hope so. >> but it is unclear if there is enough votes on the house to pass the bill. >> this agreement represents the least weekend have done under the sicks. >> what we're going to do is put another $1 trillion worth of debt on the american people. >> some republicans are pushing for spending cuts to be added to the bill which means the senate would have to vote on that again if the house is able to pass an amended bill in the first place. they have too do this by thursdayed a noon, otherwise the new congress gets sworn in and this startses over again. >> pressure is on. be sure to stay with abc 7 for complete coverage on the showdown over the fiscal cliff. for updates log on to our website, wjla.com. well have the latest at abc 7 news at 11:00. >> secretary soff state hillary clinton is staying in the hospital. she is doctors are using blood thinners to break up the clot. it was discovered durin
. >> what the senate passed will delay cuts for two months, prevent a big tax hike on estates valued legislation that r than $2 million. >> are are we going to avoid the fiscal cliff? >> i hope so. >> but it is unclear if there is enough votes on the house to pass the bill. >> this agreement represents the least weekend have done under the sicks. >> what we're going to do is put another $1 trillion worth of debt on the american people. >> some...
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>> i don't support tax increases. i campaigned saying i don't support tax increases. i don't want to see added burdens on people who create jobs. i think that's the wrong way to go about this. as you said in my introduction i did defeat bob kerrey by a very wide margin. i did that because nebraskaians elected me knowing i don't support tax increases. >> woodruff: i asked you because in this deal that's coming out of of or came out of the senate that is house is now cover considering 99% of americans will keep their tax cuts. less than 1%, people earning over $450,000 a year, you're saying that is still unacceptable? >> of course we have to provide those tax cuts to the 99%. but we're playing politics by doing it. we're saying okay we're going to provide tax cuts for these people but the rest they have to pay more. we don't need to create more division in this country. i mean just look at washington. i'm on the outside right now until thursday. look at washington. it is so polarized. and talk like that just makes it worse. >> woodruff: the argument that there should be
>> i don't support tax increases. i campaigned saying i don't support tax increases. i don't want to see added burdens on people who create jobs. i think that's the wrong way to go about this. as you said in my introduction i did defeat bob kerrey by a very wide margin. i did that because nebraskaians elected me knowing i don't support tax increases. >> woodruff: i asked you because in this deal that's coming out of of or came out of the senate that is house is now cover considering...
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(prioleau) there wwll be a delay in filing oo tax returns." and of course...unttl the house...takes a final votte..on this massive plan...to reduce the deficit... most aaerrcans... won't know... paying... in taxes.john rydell,,fox 45 news t 5:30. baltimore city saw its numberrof homicidee growwinn201. 2012. 17 peoole lostttheir liiessin baltimorr city last pear. that is 20 more compared to 2011 hen baltimore aw a historicclow. is the vice chair of the public ssfety committee. he says while theepolice &pdepartmeet has focused on getting bad guys wiih guns off the street... it's time t shift it's focus to include the community. 10:40:31 i always say it's the 80 20 rule 80 perrent of the officers we have are doing percent 20 percent but one 15 unforntaell those are they people they reeember they're street they're gonna remember - &pthe one who cursed hem out o yelled at them ::8 last monthh pplice commissioner anthony batts division tt address residents' &pconcerns. &pp3 you saw firrt on fox invvlving - a pizza delivery driver who says he was dem
(prioleau) there wwll be a delay in filing oo tax returns." and of course...unttl the house...takes a final votte..on this massive plan...to reduce the deficit... most aaerrcans... won't know... paying... in taxes.john rydell,,fox 45 news t 5:30. baltimore city saw its numberrof homicidee growwinn201. 2012. 17 peoole lostttheir liiessin baltimorr city last pear. that is 20 more compared to 2011 hen baltimore aw a historicclow. is the vice chair of the public ssfety committee. he says while...
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the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to our home page and look for the featured stories. >>> all right. a lack at maryland's most powerful radar. very little of that precipitation has made its way north. all of it well, well south. conditions are still dry. clouds are holding tough around the area. that storm is staying south and still pretty cloudy around here. again, we stayed nice and dry. upper 30s in reisterstown, hick core ri and man chester. 42 in pape pea. cloudy and dry, getting cold. colder still as we go into tomorrow and the middle part of the week. we've got those numbers straight ahead. >>> new tonight a teen killed in a car crash in aberdeen. the vict
the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to...
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they protect 99.3% of the taxpayers from any tax increases from the income tax. many people, they will see the payroll tax increases, but they won't see any increase tax views. those are people making more than $450,000 or $400,000. they will see their taxes revert back to where they were in the clinton administration. their top right will be 39.6%. and going up. it will be about 20%. so they're going to see the tax increases. the estate tax about $5 million with a 40% rate, the $5 million exclusion will continue going forward so they've got a little bit of the break there. that's what's happening. we're sort of holding things steady, a few people are going to see higher taxes go up. on average by about $1,500. >> the current deal extends the unemployment benefits for another year for millions of americans. and protect the payments to go out to the doctors that treat the medicare patients. but what about the spending cuts we need to deal with the national debt? >> that's the big problem. they have put off the major tax increases. they're going to fight it all off
they protect 99.3% of the taxpayers from any tax increases from the income tax. many people, they will see the payroll tax increases, but they won't see any increase tax views. those are people making more than $450,000 or $400,000. they will see their taxes revert back to where they were in the clinton administration. their top right will be 39.6%. and going up. it will be about 20%. so they're going to see the tax increases. the estate tax about $5 million with a 40% rate, the $5 million...
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it will extend tax cause making less than $250,000. and it will extend unemployment benefits for two million people they expire today. president obama announced that no one got everything they wanted and wants the house to pass it. >> we find ourself with a bill that does not reflect financial wisdom but the spirit that per veighs this town. the time to confront this is not now but later, we'll do the right thing then. >> some republicans are suggesting amending the bill that the senate passed and adding spending cuts in that bill. this will have to happen by noon thursday when this congress ends and the new one is sworn in or the whole thing starts over again. the sequestration cuts take effect as the tax cuts -- in fact, they have already taken effect. >> thank you. so what do americans think of the job that congress is doing to solve this fiscal crisis? agoal goal went out to find out. >> they don't think much of what is going on in the building behind me. we crossed the river into virginia and the fact that the fiscal cliff deal is
it will extend tax cause making less than $250,000. and it will extend unemployment benefits for two million people they expire today. president obama announced that no one got everything they wanted and wants the house to pass it. >> we find ourself with a bill that does not reflect financial wisdom but the spirit that per veighs this town. the time to confront this is not now but later, we'll do the right thing then. >> some republicans are suggesting amending the bill that the...
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but payroll taxes are going up. vice president joe biden who negotiated the deal with mitch mcconnel also on the hill trying to get support from house democrats. and the political rangling is far from over no matter how this deal turns out both sides headed for a major clash by the end of february over whether or not to raise the nation's debt ceiling. ed henry, fox news. >> fox 5 political analyst to join us now. mark, seems like it's hurting cats in the house these days with the republicans. >> this is really the major dilemma, will erik canter and john boehner which is outlet of the picture, it's up to canter to whip republicans. and also what was mentioned no amendments. i thought they'd go to the floor with a rule which means no amendments. you rule up or down like they did in the senate. if they can't do that, back to square one. >> republicans in the house have said at least the vast majority of them don't want to vote for any tax hikes. but how can they vote for a bill that has no spending cuts? >> as mitch
but payroll taxes are going up. vice president joe biden who negotiated the deal with mitch mcconnel also on the hill trying to get support from house democrats. and the political rangling is far from over no matter how this deal turns out both sides headed for a major clash by the end of february over whether or not to raise the nation's debt ceiling. ed henry, fox news. >> fox 5 political analyst to join us now. mark, seems like it's hurting cats in the house these days with the...
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its bears the middle class a tax hike, but raises taxes on those making over $400,000 a year. there are massive cuts to the military and other federal agencies delayed for two months. democrats want a chance to vote on the bill. >> our speaker said when the senate backs, we will avoid -- we will have a vote and neihaus. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> with an opening prayer appealing for compromise, the house went into session at 9. >> this present plant with another $1 trillion of debt on the american people. >> some democrats support it plan to prevent more financial instability. >> my district cannot afford for the stock market to go down another 300 points if we cannot do something. >> without a deal going to be president, income taxes will rise for almost every american. gop leader eric cantor has broken with house speaker john boehner. house democrats say they are waiting to hear from a republican colleagues. they believe this is a solid, bipartisan deal. >> for the first
its bears the middle class a tax hike, but raises taxes on those making over $400,000 a year. there are massive cuts to the military and other federal agencies delayed for two months. democrats want a chance to vote on the bill. >> our speaker said when the senate backs, we will avoid -- we will have a vote and neihaus. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> with an opening prayer...
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, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead, republican. >> i just want to say we will never get up this fiscal mess until the democrats understand that you cannot spend more money than you have. families have to live with a so does the country. send it back to the senate's and their them not to pass it, and say happy new year. kreps philip and alabama, independent line. good evening -- philip in alabama. >> the people of this country have created this mess we are in. we are the ones that elected yahoos who are sitting there right now, not accomplishing one thing. we should have stayed out of iraq
, anything to raise revenue by taxes, tax cuts. anything they say is going to hurt somebody, and that will be less of boats for them. i agree with the term limits. i believe we should drop the gerrymandering by getting rid of the party affiliations when you fill out your voter registration. if you don't have a party affiliation, they cannot tell who you are going to vote for. thank you for taking my call. >> thank you for calling in this evening. roger from orlando, please go ahead,...
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. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
. >> taxes willing going up on everybody in america if we don't act. >> prince william county police remembering a fallen officer after he died last night in the
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it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house went into session at noon. the republicans complained there's not enough deficit reduction. >> in the plan, another trillion dollars worth of debt on the american people. >> reporter: some democrats support the plan to prevent more financial instability. >> my district can't afford to wait a few days and have the stock market go down 300 points if we don't do something. >> reporter: wall street jitters are just one problem. income taxes will rise for almost eve
it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve....
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it's a tax defrl. when speaker pelosi and democrats were in charge, they used the word pay go constantly. in other words, is there an offsetting pay for what you do? president bush's tax cuts were not paid for. they were anticipated to be grown out of. these are not anticipated to be grown out of. cdo has said 3.967. in other words, $4 trillion will be added to the debt over ten years with this tax cut unless we do some spending cuts to help offset it. right now the president's still in a spending mood. we need to get him in a savings mood. >> i want to clarify, you said it was after the new year's and they were partying. are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send some
it's a tax defrl. when speaker pelosi and democrats were in charge, they used the word pay go constantly. in other words, is there an offsetting pay for what you do? president bush's tax cuts were not paid for. they were anticipated to be grown out of. these are not anticipated to be grown out of. cdo has said 3.967. in other words, $4 trillion will be added to the debt over ten years with this tax cut unless we do some spending cuts to help offset it. right now the president's still in a...
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the sales tax increased by one quarter of 1% all because of prop 30. it increased the sales tax rate to 7.5%, one-cent one cent for every $4 you spend. >> it's going to add up. we spend a lot especially for young kids. i'm only 21 and i spend money like it's nothing. >> well, some local cities have even higher taxes. you see them here in the bay area, taxes in el cerrito and union city alone are at 9.5%. >>> it turns out that the health of the economy could actually influence whether a child picks up unhealthy habits. scientists at the state university of new york found children who grow up when unemployment rates are high are more likely to drink, smoke and use marijuana in their teens. researchers want doctors to consider their study when dealing with children born during this most recent recession. >>> and if you partied too hard last night you might want to buy some asparagus. we have sign it is in korea who apparently analyzed the vegetable's chemical compounds and believe that the amino acids and minerals in asparagus can replenish the body to re
the sales tax increased by one quarter of 1% all because of prop 30. it increased the sales tax rate to 7.5%, one-cent one cent for every $4 you spend. >> it's going to add up. we spend a lot especially for young kids. i'm only 21 and i spend money like it's nothing. >> well, some local cities have even higher taxes. you see them here in the bay area, taxes in el cerrito and union city alone are at 9.5%. >>> it turns out that the health of the economy could actually...
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tax reform, immigration reform. we have to finish implementing the health care law. a year from now people will be signing up for exchanges in states all over the country. >> perry? >> we don't know if barack obama is a liberal a moderate. we've been debating that for two, four years. >> you think we'll know? >> i think we'll know. >> is he a pragmatist? >> is he a pragmatist? an ideologuisdeologuist. >> i'm going put you on the spot, mcauliffe, the big race in 2013. which will dominate the washington media market. terry mcauliffe? >> it's such a fascinating race, because it's kind of -- cucinelli is the national tea party hero in waiting, with alan west and michele bachmann. >> if he wins? >> if he wins, could see him in 2016. just saying. >> year of 2012, besides president obama's re-election, known as the year america got comfortable with gay marriage. that's it for this special edition of "the daily rundown." you can watch us at 9:00 a.m. on msnbc. happy holidays, happy new year. be safe from all of us at "the daily rundown."
tax reform, immigration reform. we have to finish implementing the health care law. a year from now people will be signing up for exchanges in states all over the country. >> perry? >> we don't know if barack obama is a liberal a moderate. we've been debating that for two, four years. >> you think we'll know? >> i think we'll know. >> is he a pragmatist? >> is he a pragmatist? an ideologuisdeologuist. >> i'm going put you on the spot, mcauliffe, the big...
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bracket -- tax bracket. i would like to retire someday and to hear that social security and medicare will be affected. we will not have the money to spend on anybody when i retire and these programs will be very adversely affected. host: when the two sides get back to that of for the 113th congress in what people are saying it is round two, senate republicans are saying no debt ceiling increase until president obama and democrats put social security and medicare on the table. what do you think? caller: i do think we should be looking at spending cuts. if we keep in the autumn of programs where they are now, we will not have anything for anyone -- if we keep entitlement programs where they are now, we will not have anything for anyone in a few years. i agree with republicans in that. we do need to protect our country and have the military be the best it can be, but i would say we do not need to give them more money. i think that is one area where i see things differently than our republican colleagues. host:
bracket -- tax bracket. i would like to retire someday and to hear that social security and medicare will be affected. we will not have the money to spend on anybody when i retire and these programs will be very adversely affected. host: when the two sides get back to that of for the 113th congress in what people are saying it is round two, senate republicans are saying no debt ceiling increase until president obama and democrats put social security and medicare on the table. what do you think?...
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. >>> legislation to keep taxes from going up across the board is headed to the house of representatives. the senate approved an agreement early this morning. house speaker john boehner has not endorsed that agreement but he has promised a vote or g.o.p. alternative right away. danielle nottingham has more. >> reporter: house speaker john boehner is promising a quick vote on the fiscal cliff bill passed early this morning in the senate or an amended alternative. baner has not endorse -- boehner has not endorsed the agreement which may face opposition from conservative lawmakers in the house. vice president joe biden negotiated a deal with senate republicans over the weekend. the agreement makes bush era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000. it also postpones harsh across- the-board spending cuts for a few months. >> this shouldn't be itself model for how we do -- be the model for how we do things around here but i think we can say we've done some good for the country. >> families will make up today to the assurances their taxe
. >>> legislation to keep taxes from going up across the board is headed to the house of representatives. the senate approved an agreement early this morning. house speaker john boehner has not endorsed that agreement but he has promised a vote or g.o.p. alternative right away. danielle nottingham has more. >> reporter: house speaker john boehner is promising a quick vote on the fiscal cliff bill passed early this morning in the senate or an amended alternative. baner has not...
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tell us how the payroll tax is different than the others. >> the payroll taxes come out of your paycheck automatically and used to fund social security. costs dids 120 billion for the treasury department to instead let you have a little smaller part of your paycheck goes to social security taxes and general funds used to cover the difference. you've had a little holiday. you've had a holiday for the past couple of years and that means you've been paying 4.2% toward payroll taxes. it's going back up to 6.2%. the more money you make, the more you're going to pay. let me show you exactly what it means. if you make $35,000 a year, you're going pay $700 more a year. if you make $50,000, you'll pay a thousand. everyone look for your bracket there, because what this means you're going to have a smaller paycheck. meant to be a temporary boost to the economy. and in the fiscal cliff, it is really temporary. they're not going to extend it. >> how important it is, the markets are not open today but they're going to be open tomorrow, that there is some real deal in hand from the senate side and the
tell us how the payroll tax is different than the others. >> the payroll taxes come out of your paycheck automatically and used to fund social security. costs dids 120 billion for the treasury department to instead let you have a little smaller part of your paycheck goes to social security taxes and general funds used to cover the difference. you've had a little holiday. you've had a holiday for the past couple of years and that means you've been paying 4.2% toward payroll taxes. it's...
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and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. that's the plan that the senate stayed up real, real late to accomplish. but it's time for the house to have its say. you didn't think it was over, did you? correspondent dana bash is on capitol hill. she works late shs she works early. she hasn't stopped. this has been a frustrating several weeks for people. it seemed there was some good will. especially with the vote. that's the senate. how different might things be when it comes to the house or do we even have an idea? >> reporter: e we don't have an idea yet. just the fact that t
and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today?...
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estate tax. 10 years ago we passed a bill that phase the out the estate tax. this bill basically brings it back with 40% tax rate but for those out there who have, you know, seniors and their family the exemption now level would be $5 million at the time of death. rick: the amt, alternative minimum tax, that really never been right because it affects more and more americans each and every year. >> right. rick: not americans who were intended to be targeted when this thing was put in place years ago but there is a permanent patch now to fix that. that has to be good news for a lot of folks? >> that is very good news. this is a tax if we hadn't fixed this, rick, we would have been talking about 26, 27 -- 27 million americans paying the alternative minimum tax. we have this debate every 15 years. rick: every year. >> we have to extend the alternative tax to make sure not to hit middle class families. we have permanent fix, indexes for inflation adjustments. i view that as very good news for the midd
estate tax. 10 years ago we passed a bill that phase the out the estate tax. this bill basically brings it back with 40% tax rate but for those out there who have, you know, seniors and their family the exemption now level would be $5 million at the time of death. rick: the amt, alternative minimum tax, that really never been right because it affects more and more americans each and every year. >> right. rick: not americans who were intended to be targeted when this thing was put in place...
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to make sure that families in america through the child tax credit, the earned income tax credit, and student loans are stabilized for their planning in the calendar year 2013. the r&d tax credit is extended. there is a lot in this package that's good. there is a lot in this package, i should say, there's a lot that's not addressed at all in this package. we have a debt ceiling crisis pending. we have a sequestration crisis pending. it must be addressed. or it's going to have a huge drag on the united states' economy and in the case of the debt once again revisit the issue of default for the first time in american history. so it's not a perfect package. but it is something that gets us by while he we tackle the larger issues in the next congress. i pray god that next congress is more willing to compromise than this. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from new york seek recognition? america online to address the house for one minute. the speaker pro tempore: without objection, the gentleman from new york is recognized f
to make sure that families in america through the child tax credit, the earned income tax credit, and student loans are stabilized for their planning in the calendar year 2013. the r&d tax credit is extended. there is a lot in this package that's good. there is a lot in this package, i should say, there's a lot that's not addressed at all in this package. we have a debt ceiling crisis pending. we have a sequestration crisis pending. it must be addressed. or it's going to have a huge drag on...
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neither party is thrilled did with the destation about the decision regarding income taxes. leaders on both sides of the aisle want time to look over the legislation. house speaker john boehner plan to vote on this deal or an amended version of it sometime today or tomorrow. live in washington, d.c., kyla campbell, ktvu channel 2 news. >>> 8:16. we have new details about a petaluma house fire on sunday where the flames shot several feet into the air. now we're learning that an off- duty firefighter saw the smoke on sunday, went to the house on tampico court and told the people who lived there to get out. two children and an adult were able to get out safely. the fire caused about $00,000 damage. the cause of it is still under investigation. >>> well, you the public you are invited to a meeting next week about closing down a shell avenue fire station in martinez. contra costa fire district officials say people who live in the area will be able to say how they feel about it, also get information on how the closure will affect fire services in the area. county supervisors voted
neither party is thrilled did with the destation about the decision regarding income taxes. leaders on both sides of the aisle want time to look over the legislation. house speaker john boehner plan to vote on this deal or an amended version of it sometime today or tomorrow. live in washington, d.c., kyla campbell, ktvu channel 2 news. >>> 8:16. we have new details about a petaluma house fire on sunday where the flames shot several feet into the air. now we're learning that an off-...
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heads senate overwhelming approoedda 3 last- minute package that era tax cuts in pllce for sh--- 400-thousand dollars... or couples making less than 450- pice president joe bbden delivered the news of a deal to ddmoocratic lawmakers. the packkge blocks spenddng unemployment benefits for the - longgterm jobless, prevents a 27 perrent cut innfees fr &pdoctors who treaa medicare patients and prevvnts a spike in milk prices. a last-minute additioo would also prevent a pay raise for members of congress from lawmakers are rrlievee thht phey ffnally reached an agreement. whole sot: working through the &pnight... weeve reached a deal.... ..... this legislation doos that that whole sot: we can say we've done some good or the country.... through... repuclibans arr eady for &pfor the house is expected ttovote on the proposal either today or tomorrow. cliff... llwmakers also have ceiling.the u-s rrached it's legal borrowing limit of 16-point-4 trillion dollars yesterday.the treasury department is taking measurrss to buy time until the end of february.they include... suspending some investmenns in
heads senate overwhelming approoedda 3 last- minute package that era tax cuts in pllce for sh--- 400-thousand dollars... or couples making less than 450- pice president joe bbden delivered the news of a deal to ddmoocratic lawmakers. the packkge blocks spenddng unemployment benefits for the - longgterm jobless, prevents a 27 perrent cut innfees fr &pdoctors who treaa medicare patients and prevvnts a spike in milk prices. a last-minute additioo would also prevent a pay raise for members of...
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social security payroll tax. there was a 2% payroll tax holiday enacted two years ago and putting that back in this bill was not part of the deal. so that tax holiday allowed to expire. about $20 a week from worker's paychecks will be going back to the social security trust fund instead of into their pockets. back to you guys. >> all right. thank you very much. >>> happening now, gay marriage ceremonies in maryland. same sex couples some of them started taking their vows at the stroke of midnight. marriage licenses were given out on december 6th. but the new law didn't go into affect until the new year. dozens of same sex weddings are scheduled for today. this day would not be possible if not for people like patrick. for nearly ten years he's been in the fight for ten years. they were one of the first couples to sue maryland for marriage equality. patrick joins us by phone to talk about this historic day. good morning to you. happy new year. >> good morning. happy new year. >> how are you feeling today? >> i'm ex
social security payroll tax. there was a 2% payroll tax holiday enacted two years ago and putting that back in this bill was not part of the deal. so that tax holiday allowed to expire. about $20 a week from worker's paychecks will be going back to the social security trust fund instead of into their pockets. back to you guys. >> all right. thank you very much. >>> happening now, gay marriage ceremonies in maryland. same sex couples some of them started taking their vows at the...
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if you vote for this bill, it's a vote to lower taxes, not raise taxes. it's optics, it's semantics, but it's very important for house republicans. >> it's ridiculous is what it is. >> and we know that a lot of democrats will support this final package. so, nancy pelosi will bring her votes. >> although welch told me he didn't know whether or not he would support it. >> nancy pelosi has signed off on it. it's up to john boehner to deliver his votes and can he do it without amending it, we do not know at this time. >> all right, luke. thank you very much. >> take care. >> we'll see you soon, i'm sure. >> indeed. >>> well, there's already been grumbling about this senate legislation from both sides of the aisle, but texas republican senator kay bailey hutchison says that is the essence of compromise. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> with me now, the agreeos political editor parry bacon and lynn sweet, washington bureau chief for "the chicago sun ti s times
if you vote for this bill, it's a vote to lower taxes, not raise taxes. it's optics, it's semantics, but it's very important for house republicans. >> it's ridiculous is what it is. >> and we know that a lot of democrats will support this final package. so, nancy pelosi will bring her votes. >> although welch told me he didn't know whether or not he would support it. >> nancy pelosi has signed off on it. it's up to john boehner to deliver his votes and can he do it...
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middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in northern california want us to work together and get things done. and what happened in the last couple of days in the house was almost nothing. the action was over in the senate between the senate and the white house. vice president biden and mcconnell ultimately worked out a deal. and the house is in a situation now where it's take it or leave it. we're going to be taking it. basically, we have been marking time for the last three or four days in the house as i think most people know, there was a total breakdown in the house of representatives before christmas. speaker boehner proposed his plan b. that did
middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in...
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they want tax reform. so do democrats want tax reform but they have different ideas about how to do it it. it's kicking the can down the road. there will be a lot more ahead on this. >> brianna keilar breaking it down for us at the white house. thanks for that. >>> eight senators voted against this compromised measure, but the opposition didn't fall along party lines. tom harkin, tom krarner and michael bennett all voted now. so did these five republicans. let's put the politics to the side for a minute and ask the question most of us are wondering. what does this measure mean for you and your wallet? ali velshi is crunch iing the numbers. >> good morning. the first thing is the payroll tax holiday goes away. everybody is going to get a little less in their paycheck every month. that's going to hit the economy. it's a tax holiday that you had that we're losing now. if you earn more than $400,000 as an individual or $450,000 as a household, you'll be paying higher taxes in 2013. that won't hit you yet. noth
they want tax reform. so do democrats want tax reform but they have different ideas about how to do it it. it's kicking the can down the road. there will be a lot more ahead on this. >> brianna keilar breaking it down for us at the white house. thanks for that. >>> eight senators voted against this compromised measure, but the opposition didn't fall along party lines. tom harkin, tom krarner and michael bennett all voted now. so did these five republicans. let's put the politics...
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taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it? >> let's not ask. >>> if you partied hard last night we have the magic veggie to cure your hangover. we'll tell you about that. >> maybe your new year's resolution is hitting the gym. meet a couple that plans to run a marathon every day this year. wow. >> you're going to meet them. ,, ,,,, new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing.
taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it?...
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. >> so local governments have even higher taxes and the bay area taxes in el cerrito and union city are now at 9.5%. >>> there are also a number of new laws set to go into effect today. drivers in california can now text and email while driving if they use a voice-operated system. other laws restrict banks from pursuing so-called dual track foreclosures. and there are also several measures designed to ensure the safety of natural gas pipeline. but there's one contested measure that's still on hold a ban on gay conversion therapy. it will not go into effect because of a federal appeals court issuing a stay. >>> chp out in force last night looking for anyone who shouldn't be on the roads and here's a sobering thought. a dui can cost you up to $7,000. cbs reporter mark strassmann shows how some new technology could put the brakes on drunk driving. >>> reporter: >> so we want to take this device and implement it in the car. >> reporter: bud is leading a team creating technology that might prevent 10,000 drunk driving deaths a year. unlike this existing breathalyzer test for convicted dr
. >> so local governments have even higher taxes and the bay area taxes in el cerrito and union city are now at 9.5%. >>> there are also a number of new laws set to go into effect today. drivers in california can now text and email while driving if they use a voice-operated system. other laws restrict banks from pursuing so-called dual track foreclosures. and there are also several measures designed to ensure the safety of natural gas pipeline. but there's one contested measure...
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the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public unemployment problem to get worse. progressives can get behind the president and claimed a win over the republicans. or they can hold out for the progressive principles that they originally wanted. i think in congress a lot of folks will wind up back in the president. host: guestok. good morning, steve. caller: happy new year. everybody is talking about going back to the clinton's tax brackets. do you think that is a good idea? andt: go back to the 1990's everybody did quite well. tic talk. apocalyps it is not all that much debilitating when people tend to save the money rather than sp
the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public...
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so everyone who earns income is going to see a 2% tax increase on those payroll taxes. the estate tax, there was a compromise here. that's going to go up from 40% from 35. a real compromise there. they did prevent the alternative minimum tax from expanding. one year extension of long-term unemployment benefits. one year delay in the 27% cut to medicare providers. something really important to those of us who buy milk. temporary extension of some of the farm bill. and that's going to prevent dairy prices from spiking as much as $2 a gallon. they also voted to block $900 pay increase for themselves. >> taxes, melanie we know they are for the most part dealt with. there is still a fight brewing in february. we're talking about the debt ceiling again. >> reporter: that's right. i don't know how many people are aware we did surpassed the debt limit yesterday. treasury secretary is doing financial fenagling to get the u.s. to pay debts through february. that is when we'll have this debt ceiling fight again. house republicans saying they are not willing to raise the debt ceili
so everyone who earns income is going to see a 2% tax increase on those payroll taxes. the estate tax, there was a compromise here. that's going to go up from 40% from 35. a real compromise there. they did prevent the alternative minimum tax from expanding. one year extension of long-term unemployment benefits. one year delay in the 27% cut to medicare providers. something really important to those of us who buy milk. temporary extension of some of the farm bill. and that's going to prevent...
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so any vote in the house will be a vote for tax cuts, not for tax hikes. that helps. john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans propose changes so they can amend the bill more to their liking and send it back to the senate. but i think this is expected to move along here. >> there could be amendments, one past, they could vote on amendments, could fail, and then vote on the full measure. isn't that true also? >> yeah, that is true, and the other thing is once anything goes to the floor, it's not just up to republicans, it will -- and the think the expectation all along, whatever ultimately passes the house as we saw in the senate will require democrats and republicans. >> talking to phil gingery, seemed to be
so any vote in the house will be a vote for tax cuts, not for tax hikes. that helps. john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans...
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technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans were not happy with what they heard from president obama who held a campaign-style event at the white house. >> i'm going to be president for the next four years, i think. >> reporter: effectively continuing the partisans' bickering we've long seen. >> time to stop the cheerleading and campaigning. >> i know the president enjoys heckling and having pep rallies to get congress to act instead of sitting down and negotiating. >> reporter: now the big new year's test, can it pass in the house? for "good morning america," jonathan karl, abc news, washington. >>> president obama
technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans...
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this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today with pressure on them to make a deal as well and to cast a vote. that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now appears that hillary clinton was in a dangerous situation, but it's been res
this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today...
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there is one tax that will rise for most workers. we're talking about the 2% payroll tax cut that was part of an obama stimulus that was passed two years ago and then extended for another year. in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report. >>> one major issue is the bill does not address is the debt ceiling. monday, the u.s. reached its legal borrowing limit and now the treasury department must work to buy time until the end of next month. the department will suspend some investments and benefit funds for federal workers. still, department will not be able to pay all of the nation's bills on time. this could set stage for another capitol hill battle as congress must vote to raise the debt ceiling. >> new this morning, gay marriage ceremonies are under way in maryland. same-sex couples have
there is one tax that will rise for most workers. we're talking about the 2% payroll tax cut that was part of an obama stimulus that was passed two years ago and then extended for another year. in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report....
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and new taxes and fees. and the first of the year means the rose parade. you can expect to -- what you can expect to see coming up later today. >>> as we go to break pictures of moscow. them bringing in the new year with a wonderful fireworks display. this over red square. good morning maryland continues in few moments. >>> the new year means new laws and we have a few that are take effect in maryland and there's pretty interesting ones on the books in other parts of the u.s. it's now illegal to sell, trade or possess shark fins in illinois. and in florida, you no long ver to register your swamp buggy and in ken to tucky it's illee to release a wild hog into the wild. that's what the law says. no lodger releasing -- know longer releasing wild hogs into the wild. enjoying your day off nursing that hangover check out tournament of roses parade coming up this morning. more than a million people will line the parade route in california. it takes 8 0,000 hours of manpower to complete the floats and there are 42 o
and new taxes and fees. and the first of the year means the rose parade. you can expect to -- what you can expect to see coming up later today. >>> as we go to break pictures of moscow. them bringing in the new year with a wonderful fireworks display. this over red square. good morning maryland continues in few moments. >>> the new year means new laws and we have a few that are take effect in maryland and there's pretty interesting ones on the books in other parts of the u.s....
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property taxes gone down. any time we get an influx of revenue that allows us to provide for services to the county revenue. >> prince george's county expects more than 80,000 people to pack fedex field for the game. hotels already booking up and fans are stocking up on 'skins gear at the fedex field store. >> today is the last day to see one with of the country's most important documents. the emancipation proclamation has only been on display at the national archives for three days because it's so fragile. president abraham lincoln issued it during the civil war. it freed all slaves and states rebelling against the union. historians considering the proclamation a steppingstone to the ratification of the 13th amendment which outlawed slavery. you have until 5:00 tonight to see the document. >>> people all around the world celebrating the new year. tens of thousands of revelers watched the fireworks at the seattle space needle in washington state who rang in the new year about 3:00 this morning our time. >> tha
property taxes gone down. any time we get an influx of revenue that allows us to provide for services to the county revenue. >> prince george's county expects more than 80,000 people to pack fedex field for the game. hotels already booking up and fans are stocking up on 'skins gear at the fedex field store. >> today is the last day to see one with of the country's most important documents. the emancipation proclamation has only been on display at the national archives for three days...
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that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first same-sex couples work legally wed in a ceremony at city hall this morning. >> kim dacey is live this morning with all of the details. >> it was an historic night at city hall as the first same-sex couples did get married in a special ceremony this morning. seven couples took their vows. the mayor performed the first ceremony. she has marriage power. she also is an ordained minister. she married jim and bill, a couple that has been together fo
that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved...
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, that's raising about $600 billion in new tax revenues. originally they were looking for $1.4 trillion. so we're not even halfway there. then we've got all these spending cuts on the table. we don't know what's going to happen with that. we're kicking the can down the road for another two months. the debt ceiling is still out there. countries around the world are looking at the united states and saying you couldn't get a deal done and you had 15 months when you know you had to do it? so there's a lot of anger for americans. honestly they've seen this going on for months and months and they think they can't get it done. >> one of the interesting things we talked about week after week after week and we always said oh, my gosh, the stock market is reacting to greece and reacting to spain and the fiscal cliff and the uncertainty there. yet when we look at the year end numbers, they weren't so awful. >> they weren't so awful. you can thank timothy geithner and the federal reserve for that. we did have this bond buying program going on. interest
, that's raising about $600 billion in new tax revenues. originally they were looking for $1.4 trillion. so we're not even halfway there. then we've got all these spending cuts on the table. we don't know what's going to happen with that. we're kicking the can down the road for another two months. the debt ceiling is still out there. countries around the world are looking at the united states and saying you couldn't get a deal done and you had 15 months when you know you had to do it? so...
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, he got $3 worth of tax cuts for every $1 in tax hikes. the tax cuts never came. however -- and this is the ratio right now. as juliet mentioned. 4 # 2-1. $42 in new tax hikes to every dollar in spending cuts. a lot of conservatives do not like that. that is not a good deal to them. >> the house has not voted yet. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was e-mailing us the play-by-play. mitch mcconnell called up -- bypassed senator reid who never got back to him on saturday and said can i speak to the vice president, joe biden? we're used to cutting deals tog
, he got $3 worth of tax cuts for every $1 in tax hikes. the tax cuts never came. however -- and this is the ratio right now. as juliet mentioned. 4 # 2-1. $42 in new tax hikes to every dollar in spending cuts. a lot of conservatives do not like that. that is not a good deal to them. >> the house has not voted yet. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks...
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this cllss faailies ill wake up their taxes won't go up..." &p democratic senator tom harkin suggested the leeissation missed the marr. sen. tom harkin / d-ia)"...it priority, creating good middle plass jobs now // secondly, this proposal doos not gennrate the revenue necessary forrthe couutry to meet its neees..." republican senate miioritt leader mitch mcconnell says neithee side got everything it wanted.sen. mitch mcconnell (r-ky) / minnrity leader"...so it took pn imperfect solution to prevent our constituents from very reaa financial pain. bbt innmy view, it wassworth the effort..."(anccor tagg the republican-controlled house is exppcted to begin considering the bill later today. a final vote is &pexpected in the next day or two, passaae is not t all certtin. in new york, pattiiann browne, fox neww. it's not just the fiscal to worryyabout the debt ceiling.the u-s reached it's legal borrowing limit of yesterday.the treasury department is taking measures suspending some investments inn workers..ut after that... the treasury will not be able
this cllss faailies ill wake up their taxes won't go up..." &p democratic senator tom harkin suggested the leeissation missed the marr. sen. tom harkin / d-ia)"...it priority, creating good middle plass jobs now // secondly, this proposal doos not gennrate the revenue necessary forrthe couutry to meet its neees..." republican senate miioritt leader mitch mcconnell says neithee side got everything it wanted.sen. mitch mcconnell (r-ky) / minnrity leader"...so it took pn...
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3 after weeks and weeks of meetings...in an early morning ssssion, the senate approves a measuue on tax increases andd spending cuts. ccts.as ed ayne reports...the measure noo goes to the house oo representatives. representatives. --reporter pkk-as folllws --at the stroke of midnight, ann americans were celebrating and ringing in the new year. but the mood in ashington was much more serious.vice president joe biden went too capitol hill late onday night after senate eaderr struck a deal with the whhte house. back intoosession...and around 2-a-m.. the vote was in."the bill as amended is passed."in an 89-to-8 vote, the senate approvvd a measure that puts off sppnding cuts for two months and keeps thh bush-era tax cuts for individuals earning less thann$400,000 and couples eerning llss than $450,000. senate majority leader harry reid said their goal as to prottct america's middll cclss.miidle class the assuuance that their taxes - won't go up 22-hundred doolars each. they'll have the certaintt o plann ow they'll pay for groceries, rent, car senate minority leader mitch mcccnnell said repub
3 after weeks and weeks of meetings...in an early morning ssssion, the senate approves a measuue on tax increases andd spending cuts. ccts.as ed ayne reports...the measure noo goes to the house oo representatives. representatives. --reporter pkk-as folllws --at the stroke of midnight, ann americans were celebrating and ringing in the new year. but the mood in ashington was much more serious.vice president joe biden went too capitol hill late onday night after senate eaderr struck a deal with...
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the senate package will keep the expiring tax cuts in place for those earning less than 400,000 and couples earning less than 450,000. unemployment insurance will be extended a year to 2 million people. that heads to the house and for final approval that's expecteded morning or by -- expecteded this morning or -- expected this morning or by lunchtime. >>> thousands gathered to remember loved one who is couldn't be here. 216 people were murdered in baltimore city in 2012. last night, there was a vigil honoring them all. victims families politicians and faith community members stood together outside the war memorial building. the mayor explained even though other violent crimes are down, homicides in baltimore city are up. >> the people who we lost to violence on streets, our sons and daughters and brothers and sisters, the loss is trammingic to their families and to the city -- tragic to the families and the city. >> this is the forth year they gathered to remember the dead. >>> two teens spent new year's eve behind bars. they have been charged withbeating up another man more than a month ag
the senate package will keep the expiring tax cuts in place for those earning less than 400,000 and couples earning less than 450,000. unemployment insurance will be extended a year to 2 million people. that heads to the house and for final approval that's expecteded morning or by -- expecteded this morning or -- expected this morning or by lunchtime. >>> thousands gathered to remember loved one who is couldn't be here. 216 people were murdered in baltimore city in 2012. last night,...
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the legislation keeps the bush era tax cuts for middle-class families, raising taxes on incomes over $400,000. the bill prevents a 27% cut in fees for doctors who treat medicare patients and stops a scheduled $900 pay raise for members of congress. >> it could extend unemployment insurance to two million americans who are out there still actively looking for a job. >> this shoondz be the model for -- shouldn't be the model for how we do things around here but i think we can say we've done some good for the country. >> reporter: at least the senate think they've done some good for the country. the house still has to pass the bill for it to really become law and take effect before we fall off the so-called fiscal cliff. but some republicans say this deal will only delay the enevidentible. we'll have that -- the inevitable. we'll have that side of the story coming up at 5:30. >> delia goncalves reporting live from capitol hill. >> you might call it progress, right? >> maybe not. >> something happened over there. >>> 5:04. time for the latest your money report. >> we'll let jessica decid
the legislation keeps the bush era tax cuts for middle-class families, raising taxes on incomes over $400,000. the bill prevents a 27% cut in fees for doctors who treat medicare patients and stops a scheduled $900 pay raise for members of congress. >> it could extend unemployment insurance to two million americans who are out there still actively looking for a job. >> this shoondz be the model for -- shouldn't be the model for how we do things around here but i think we can say...
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the senate passed a measure to raise taxes on the top earners but will it stan in the house? we will take a look -- stand in the house? we will take a look. >> reporter: same sex couples celebrate the first legal weddings in maryland. i am sherrie johnson and i will have a live report at city hall. >> those stories are straight ahead on this tuesday january 1st, 2013. happy new year to you and thanks for being with us. i am charley crowson. megan is off for you on this new year's moving. but mike -- morning. but mike masco is in. we were talking about how mild everything is relatively speak. after last week we need a break don't you think? >> we do and we are getting it today. not tomorrow. it's going to get cold by tomorrow and going into the rest of the week. good news is it's dry across- town. maryland's most powerful radar is clear overhead
the senate passed a measure to raise taxes on the top earners but will it stan in the house? we will take a look -- stand in the house? we will take a look. >> reporter: same sex couples celebrate the first legal weddings in maryland. i am sherrie johnson and i will have a live report at city hall. >> those stories are straight ahead on this tuesday january 1st, 2013. happy new year to you and thanks for being with us. i am charley crowson. megan is off for you on this new year's...
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>> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. john boehner send house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. ndelsman, nbc news. >> marylanders voted to approve same-sex marriage. kim dacey is live with the details. >> it was a historic night at city hall as the first same-sex couples did get married in special ceremony this morning. seven couples took their vows. the mayor performed first ceremony. she has marriage power. she married jim and bill, a couple that has been together for 35 years. and they never thought they would see the day when they could legally wed. >> i am very happy. this is as happy as
>> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. john boehner send house members home to celebrate the new year without a vote. >> this...